This property looks like a bad Airbnb investment with a projected -8.71% first-year return on $78,417 initial cash invested.
-8.71%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$2,280
Rent
-$569
Cashflow
Cash Flow
$2,280 income − $2,849 expenses = $569 out of pocket
Investment Breakdown
|
Purchase Price
$288k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$78,417
Downpayment
20%
$57,540
Closing costs
1%
$2,877
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,280
Total Expenses
$2,849
Mortgage P&I
64%
$1,468
Property Taxes
8%
$184
Home Insurance
5%
$103
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570